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FINANCIAL NEWS
Qatar Telecom to pay off 2012 debt from own pocket
25 Apr 2012
(MENAFN) Qatar Telecom (Qtel) said it will resort to its “cash on hand” to finance its commitments that are due this year, and that is not considering any refinancing options currently, Reuters reported.
Recently, Reuters Loan Pricing Corp (RPLC), a Thomson Reuters unit, said that Qtel had sent requests for proposals to international lenders for a USD2 billion refinancing loan.
The report said that the company intended to use the amount repay a USD3 billion five-year loan signed in 2007 that is due in October.
Qtel was seeking to split financing between a USD1 billion standby commercial paper facility and a USD1 billion revolving credit facility, bankers earlier told RLPC.
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